Feathery, a San Francisco-based AI operating and decisioning system for financial services, has raised $30M in total funding including a Series A led by Portage Ventures. The platform automates compliance-heavy workflows in insurance and wealth management through an AI assistant named Robin that builds workflows from natural language. The capital will expand operations, product development, and AI capabilities leveraging its client data network.
Agentic AI Targets Regulated Workflows
The timing aligns with accelerating agentic AI adoption in financial services. EasySend raised $71.5M for its no-code insurance platform, while Unqork secured $416M for its enterprise no-code system. Feathery differentiates by combining an AI agent that generates and refines workflows with 150+ financial services integrations and SOC 2 Type II plus HIPAA compliance.
Manual Processes Drain Underwriter Time
Financial services firms face fragmented systems that force manual data re-entry across onboarding, underwriting, and advisor transitions. The platform processes tens of millions of submissions monthly for 300+ customers including Tokio Marine, Hiscox, and Sequoia Financial. Current solutions require patching multiple tools, creating errors and delays in regulated environments.
AI Agent Builds and Runs Workflows
Feathery's dual architecture includes an AI Operating System that centralizes client data across CRMs and custodians, plus an AI Decisioning System that surfaces insights and feeds them back into operations. Unlike horizontal form builders, Robin accepts plain-language instructions to deploy multi-step processes for submission intake or account opening. Recent launches include one-click Schwab API account opening and AI Portfolio Submission Analytics that reveal bind-rate patterns.
"Financial service firms are dealing with more client data and expectations than ever before. Feathery turns those challenges into opportunities for each firm to sharpen their competitive edge." — Peter Dun, co-founder and CEO
Strategic Investors Signal Sector Buy-In
Portage Ventures led the round with participation from Index Ventures, Bain Capital Ventures, Allstate Strategic Ventures, Clocktower Ventures, and Erie Strategic Ventures. The syndicate combines venture growth capital with insurance incumbents, validating the platform's approach of layering intelligence onto existing systems rather than replacing them. Co-founder Zack Khan noted the funding will leverage expanding client data to improve decisioning.
Insurtech and Wealth Tech Converge
The addressable market combines Financial Process Automation projected at $14.02B in 2026 growing to $23.54B by 2030, Insurtech at $23.54B in 2026 to $132.7B by 2034, and Wealth Management Software at $7.35B in 2026 to $22.35B by 2034. US insurance tech spending is set to rise $173B in 2026 alone. Formstack raised $425M and Typeform raised $188M, yet both remain horizontal while Feathery focuses on financial services compliance and integrations.
Profitable Growth Validates Approach
Feathery reports profitability and 10x revenue growth since 2024 with 36 employees. Customers achieve 45% faster account openings, 2x reduction in time to quote, and 30x faster proposal generation. The $2B in advisor transition assets processed in Q1 2026 demonstrates enterprise scale.